This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $84,087 initial cash invested.
-3.67%
Cash On Cash
5.96%
Cap Rate
0.91
DSCR
$2,680
Rent
-$257
Cashflow
Cash Flow
$2,680 income − $2,937 expenses = $257 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,087
Downpayment
20%
$62,940
Closing costs
1%
$3,147
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,680
Total Expenses
$2,937
Mortgage P&I
64%
$1,714
Property Taxes
7%
$200
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$322
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$295